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More relative low volatility today, but the major indices are beginning to show some weakness and slowly move lower. The VIX and VXN are both moving higher, even with the lack of a dramatic move. This may indicate a rise in the average implied volatility of the S&P and NASDAQ.
Options trading [...]
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The NASDAQ , S&P 500 and Dow Jones are all struggling to maintain the anemic rally that has ensued for the past 1.5 weeks. Volume continues to dissipate in most major indices, SPY’s 14 day volume simple moving average has been on a downtrend since early-mid February.
Today’s options action has been [...]
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What started as another flat day in the markets, is turning out to be a bullish one…Even though overall stock volume remains light, we are still seeing some heavy options activity.
Already, there has been quite a bit of spread activity all around with heavy action in Cisco Systems, Inc. (CSCO). This [...]
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This week holds four potentially exciting catalysts; each with the potential to dominate business media headlines. Is it any wonder that the VIX has spiked back above 25%?
Wednesday night President Obama will deliver his State of the Union address
Will Health Care remain in focus following the Massachusetts run-off election results?
Will new Bank regulations and taxes [...]
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Green on the monitor screen is starting to appear: Apple, Google and Intel are all positive pushing the NDX index into the green.
Treasuries have sold off, giving up their initial gains and showing rising yields. This seems to be helping equities. Perhaps all hope is not lost.
Yesterday’s late day sell-off was possibly [...]
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With August almost in the books I believe it is worthwhile to look at some specific sectors and stocks relative to the major market averages.
For a reference point the SPX index started the year at a level of 903.25. So with today’s close at 1028.93 the overall market is up almost 14%. It is more [...]
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